USA Rare Earth (NASDAQ:USAR) Trading 8.7% Higher – What’s Next?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) traded up 8.7% on Monday . The stock traded as high as $20.92 and last traded at $20.55. 6,945,073 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 22,626,221 shares. The stock had previously closed at $18.90.

Analyst Upgrades and Downgrades

USAR has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Canaccord Genuity Group boosted their price objective on shares of USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Benchmark initiated coverage on shares of USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating on the stock. Finally, Cantor Fitzgerald lifted their target price on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, USA Rare Earth presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Stock Up 10.4%

The firm has a market capitalization of $2.77 billion, a PE ratio of -40.13 and a beta of 0.93. The stock’s fifty day simple moving average is $18.83 and its 200 day simple moving average is $18.36.

Insiders Place Their Bets

In related news, Director Carolyn Trabuco purchased 1,300 shares of USA Rare Earth stock in a transaction on Thursday, January 29th. The stock was acquired at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the transaction, the director directly owned 1,300 shares in the company, valued at $29,380. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Blitzer acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the purchase, the director directly owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This trade represents a 13.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 46.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On USA Rare Earth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Calamos Advisors LLC purchased a new position in shares of USA Rare Earth in the third quarter valued at about $3,283,000. Pier 88 Investment Partners LLC bought a new stake in USA Rare Earth during the 2nd quarter valued at approximately $588,000. Farther Finance Advisors LLC raised its stake in USA Rare Earth by 1,461,225.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 58,453 shares of the company’s stock valued at $1,005,000 after purchasing an additional 58,449 shares during the period. Altfest L J & Co. Inc. purchased a new position in USA Rare Earth in the 3rd quarter worth approximately $13,554,000. Finally, Guild Investment Management Inc. bought a new position in USA Rare Earth in the 3rd quarter worth approximately $1,080,000.

About USA Rare Earth

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.